PEER COMPANIES

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PEER COMPANIES

A key question now on Dalal Street is whether the rally that took the markets to new highs in 2017 would continue in 2018 as well.

According to estimates collated by Bloomberg, about 50 companies which are tracked by more than five analysts could give a return of 25 per cent to 60 per cent in 2018. The bullish projection comes after a blockbuster year for equities which gained 27 per cent until Wednesday.

Large-caps like UPL, Power Finance, Rural Electrification and midcaps such as Federal Bank, Indian Hotels, Dish TV and Suzlon are the stocks on which analysts are betting heavily. Though stocks like Future Lifestyle and Chambal Fertilisers have given mammoth returns of over 100per cent in 2017, there is still stream left in them, according to analysts.

“We believe that the market would continue its northward journey in 2018,” said Siddharth Khemka, head or retail research at Motilal Oswal Securities. “Some of the themes that we believe could do well in 2018 are cyclicals like cement, infra, capital goods; GST beneficiaries like jewellery, retail, footwear, building material; and rural recovery sectors like auto, FMCG and vehicle financing.”